Would you prefer to trade for the years to come? Would you like to generate more consistent profits and have fewer, smaller drawdowns? Then you better prepare yourself thoroughly. Capital markets attract more knowledgeable, competitive, and savvy players than any other game in the world. Most retail traders fail to prepare or educate themselves – and most get kicked out of the game pretty quickly. Warren Buffet summed up this idea well in his 1988 Berkshire Hathaway annual letter-
As they say in poker, “If you’ve been in the game 30 minutes and you don’t know who the patsy is, you’re the patsy.”
Don’t be a patsy. Prepare yourself and become a professional player.